TTM Technologies, Inc. $TTMI Shares Sold by Expect Equity LLC

Key Points

• Expect Equity LLC has reduced its stake in TTM Technologies by 10.3%.
• TTM Technologies reported $0.58 earnings per share (EPS) for the last quarter, exceeding analysts' expectations of $0.52.
• The company has initiated a $100 million share buyback plan, signaling management's belief that the stock is undervalued.

Expect Equity LLC lessened its position in shares of TTM Technologies, Inc. (NASDAQ:TTMI - Free Report) by 10.3% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 117,146 shares of the technology company's stock after selling 13,420 shares during the quarter. TTM Technologies comprises 2.7% of Expect Equity LLC's holdings, making the stock its 13th biggest position. Expect Equity LLC owned 0.12% of TTM Technologies worth $2,403,000 at the end of the most recent reporting period.

Several other large investors have also recently modified their holdings of TTMI. Nuveen LLC bought a new position in shares of TTM Technologies during the 1st quarter worth approximately $31,763,000. Emerald Advisers LLC raised its stake in shares of TTM Technologies by 34.3% during the 1st quarter. Emerald Advisers LLC now owns 1,439,931 shares of the technology company's stock worth $29,533,000 after acquiring an additional 367,798 shares in the last quarter. Invesco Ltd. raised its stake in shares of TTM Technologies by 35.3% during the 1st quarter. Invesco Ltd. now owns 1,357,707 shares of the technology company's stock worth $27,847,000 after acquiring an additional 354,342 shares in the last quarter. Emerald Mutual Fund Advisers Trust raised its stake in shares of TTM Technologies by 52.2% during the 1st quarter. Emerald Mutual Fund Advisers Trust now owns 886,701 shares of the technology company's stock worth $18,186,000 after acquiring an additional 304,176 shares in the last quarter. Finally, Brant Point Investment Management LLC bought a new position in shares of TTM Technologies during the 1st quarter worth approximately $4,541,000. Institutional investors own 95.79% of the company's stock.

TTM Technologies Stock Performance

Shares of TTMI traded up $0.93 during trading hours on Wednesday, hitting $45.89. The stock had a trading volume of 647,042 shares, compared to its average volume of 1,322,895. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.72 and a current ratio of 2.03. The firm has a 50-day moving average price of $44.02 and a 200 day moving average price of $31.91. TTM Technologies, Inc. has a fifty-two week low of $15.77 and a fifty-two week high of $51.15. The firm has a market capitalization of $4.74 billion, a price-to-earnings ratio of 51.00 and a beta of 1.57.

TTM Technologies (NASDAQ:TTMI - Get Free Report) last posted its earnings results on Wednesday, July 30th. The technology company reported $0.58 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.52 by $0.06. TTM Technologies had a net margin of 3.52% and a return on equity of 11.80%. The firm had revenue of $730.62 million during the quarter, compared to analysts' expectations of $668.42 million. During the same period in the previous year, the business posted $0.39 EPS. The business's revenue was up 20.7% compared to the same quarter last year. TTM Technologies has set its Q3 2025 guidance at 0.570-0.630 EPS. As a group, research analysts anticipate that TTM Technologies, Inc. will post 1.76 EPS for the current year.

TTM Technologies declared that its board has authorized a share buyback program on Friday, May 9th that authorizes the company to buyback $100.00 million in shares. This buyback authorization authorizes the technology company to purchase up to 3.7% of its stock through open market purchases. Stock buyback programs are typically a sign that the company's board believes its stock is undervalued.

Analyst Ratings Changes

Several analysts have weighed in on TTMI shares. Stifel Nicolaus boosted their target price on shares of TTM Technologies from $40.00 to $55.00 and gave the stock a "buy" rating in a research report on Thursday, July 31st. Truist Financial boosted their target price on shares of TTM Technologies from $41.00 to $48.00 and gave the stock a "buy" rating in a research report on Monday, July 7th. Wall Street Zen raised shares of TTM Technologies from a "buy" rating to a "strong-buy" rating in a research report on Saturday, August 2nd. Needham & Company LLC reissued a "buy" rating and set a $56.00 target price on shares of TTM Technologies in a research report on Friday, August 15th. Finally, B. Riley boosted their target price on shares of TTM Technologies from $36.00 to $50.00 and gave the stock a "buy" rating in a research report on Thursday, July 17th. Four research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the stock currently has a consensus rating of "Buy" and an average target price of $52.25.

Insider Activity at TTM Technologies

In other TTM Technologies news, SVP Dale Martin Knecht sold 7,662 shares of the company's stock in a transaction on Monday, June 9th. The shares were sold at an average price of $34.16, for a total transaction of $261,733.92. Following the completion of the transaction, the senior vice president directly owned 67,544 shares in the company, valued at approximately $2,307,303.04. This represents a 10.19% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, COO Philip Titterton sold 23,486 shares of the company's stock in a transaction on Monday, June 23rd. The stock was sold at an average price of $36.39, for a total transaction of $854,655.54. Following the transaction, the chief operating officer owned 123,338 shares of the company's stock, valued at $4,488,269.82. This represents a 16.00% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 109,561 shares of company stock valued at $4,437,320 in the last three months. Company insiders own 1.30% of the company's stock.

TTM Technologies Company Profile

TTM Technologies, Inc, together with its subsidiaries, manufactures and sells mission systems, radio frequency (RF) components and RF microwave/microelectronic assemblies, and printed circuit boards (PCB) worldwide. The company operates in two segments, PCB and RF&S Components. It offers range of engineered systems, RF and microwave assemblies, HDI PCBs, flexible PCBs, rigid-flex PCBs, custom assemblies and system integration, IC substrates, passive RF components, advanced ceramic RF components, hi-reliability multi-chip modules, beamforming and switching networks, PCB products, RF components, and backplane/custom assembly solutions, including conventional PCBs.